2009 - 2010 Catalog - The Art Institutes

educational or tuition assistance will be
referred to appropriate government agencies
or other special educational institutions
equipped to handle such situations.
For information, please contact the Office
of Admissions.
The Art Institutes International Minnesota
reserves the right to request any additional
information necessary to evaluate an applicant’s
potential for academic success.
STUDENT FINANCIAL
SERVICES
Student Financial Services assists students
and their families with financial plans
to help ensure students’ completion of
their programs. Financial Aid Officers from
this department also help in the completion
of federal and state applications for
grants and loans. Once students’ eligibility
for financial aid is determined, students
receive help to develop plans for meeting
educational expenses.
FEDERAL REFUND POLICY
(TITLE IV FUNDS)
The return of Title IV Refund Policy applies
to any student who receives Title IV funding
and withdraws. The withdraw process
is defined as occurring when a student
notifies in written or oral form, The Art
Institutes International Minnesota of his
or her intent to withdraw. Whether or not
notification is given or whether or not the
student begins the withdrawal process,
The Art Institutes International Minnesota
will determine the date of withdrawal as
the date the student ceased attendance.
The Return of Title IV formula determines
the amount of Title IV funds a student has
earned at the time the student ceases attendance
and the amount of Title IV funds
a student must return.
The amount of Title IV funds earned by a
student is based on the amount of time
spent in attendance by the student for
that term. The amount of Title IV funds a
student earns is a proportional calculation
based on the amount of time the student
attends school through 60 percent of the
term. If a student ceases to attend school
after 60 percent of the term, the student
earns 100 percent of the Title IV funds. If
the amount of Title IV grant or loan funds
dispersed is greater than the amount a
student earned, unearned funds must be
returned. If the amount the student was
dispersed is less than the amount the
student earned, the student is eligible to
receive a post-withdrawal disbursement in
the amount of earned aid not received but
otherwise eligible.
TITLE IV FUNDS DISTRIBUTION
POLICY
Return of Title IV funds will be distributed
as follows:
1. Unsubsidized Federal Stafford Loans
2. Subsidized Federal Stafford Loans
3. Federal PLUS Loans
4. Federal Pell Grant
5. Federal ACG Grant
6. Federal SMART Grant
7. Federal SEOG
NON FEDERAL
REFUND POLICY
Refunds for state aid programs and
non-state aid programs are calculated
on a proportional basis using the State
mandated or institutional refund policy. To
calculate the minimum refund due to the
Minnesota State Grant program, the SELF
Loan Program, and other aid programs,
with the exception of the State Work Study
Program, the Minnesota Office of Higher
Education Refund Calculation Worksheet,
Appendix 14, of the Minnesota State Grant
manual is used.
BUYER’S RIGHT TO CANCEL
Each student will be notified of acceptance/rejection
in writing. In the event a
student is rejected, all tuition, fees, and
other charges will be refunded.
Notwithstanding anything to the contrary, if
a student gives written notice of cancellation
within five business days of the
execution of the contract or day on which
the student is accepted, then a complete
refund is given regardless of whether the
program has started.
If a student gives a written notice of
cancellation after five business days of the
execution of the contract or day on which
the student is accepted, but before the
start of the program by The Art Institutes
International Minnesota, then all tuition,
fees, and other charges, except 15 percent
of the total cost of the program (15 percent
not to exceed $50.00) shall be refunded to
the student.
If a student gives written notice of cancellation
after the start of the period of
instruction for which the student has been
charged, but before completion of 75
percent of the period of instruction, then
student is assessed a pro rata portion of
tuition, fees and all other charges based
on the number of days in the term plus
25 percent of the total program cost (25
percent not to exceed $100.00.)
Any notice of cancellation shall be acknowledged
in writing within 10 business
days of receipt of such notice and all
refunds shall be forwarded to the student
within 30 business days of receipt of such
notice. This refund policy is not linked to
any student conduct policy and any promissory
instrument shall not be negotiated
prior to the completion of 50 percent of
the course.
Written notice of cancellation shall take
place on the date the letter of cancellation
is postmarked, or, in the case where
the notice is hand carried, it shall occur
on the date the notice is delivered to The
Art Institutes International Minnesota. The
date of execution of the enrollment agreement
shall be presumed to be the date of
delivery of the notice of acceptance, and
if delivered by mail, the postmark dates of
the letter of acceptance.
Examples of the calculations for policy are
available in the Student Accounting office.
The Art Institutes International Minnesota
may change the refund policy when
federal, state, or other policies change.
Students will be given 60 days notice of
any change.
NON-PAYMENT
OF CHARGES
Non-payment of tuition, housing, fees,
and/or other charges due to The Art Institutes
International Minnesota will result in
the student being obligated for additional
collection costs, collection agency costs,
and legal costs.
In addition, we reserve the right to report
your failure to pay amounts owed to one or
more national credit bureau organizations
and not release your academic transcript
until all your debts to us are paid in full.
FINANCIAL AID
All students are eligible to apply for financial
assistance under various federal and
state programs as follows:
• Federal Stafford Loan (Subsidized/
Unsubsidized)
• Federal Pell Grant
• Federal Academic Competitiveness
Grant (ACG)
• Federal SMART Grant
• Federal Supplemental Educational
Opportunity Grant (SEOG)
• Federal Work-Study
• Federal PLUS Loan Program
• State-Funded Student Assistance
Programs
79